Reinsurance
Skerlj Becomes Hamilton Re CRO
On Monday, Hamilton Insurance Group, the Bermuda-based holding company for Class 4 property and casualty reinsurer Hamilton Re, announced that Peter Skerlj was promoted to the position of Chief Risk ...Axis Capital Names Gressier Chief Operating Officer; Reding Retires
Axis Capital Holdings Ltd., the Bermuda-based insurer and reinsurer, promoted John "Jack" Gressier to chief operating officer, replacing Dennis Reding, who's retiring from the post at 65. Gressier, ...
Canadian Pension Board Acquires Wilton Re for $1.8 Billion
The Canada Pension Plan Investment Board (CPPIB) said on Friday it agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity ...
Combined Ratios Improved More than 9 Pts. in ’13 for RAA Reinsurers
The 18 U.S. property/casualty reinsurers included in the Reinsurance Association of America's survey of financial results for year-end 2013 saw net premiums fall 3.3 percent compared to 2012, but ...
Record-Breaking Ice; Is Flooding Next?
The winter of 2014 looks to go down in history for record temps and record claims. To date, Enservio data shows that in February 2014 alone, ice damage related RCV jumped 200% over the last five ...
Munich Re Estimates 2014 Profit Dropping to $4.2B
Munich Re, the world's biggest reinsurer, said profit this year is expected to fall 9.1 percent to 3 billion euros ($4.2 billion) as prices charged by the industry decline. Munich Re also said it ...
TigerRisk Names Bartell to Lead UK Retro Practice
TigerRisk Partners, the reinsurance broking and risk/capital management firm, announced Wednesday that Martin Bartell has been named head of the company's UK-based retrocessional and specialty ...
$11+ Million a Day in U.K. Flood Insurance Claims, Says ABI
Insurance claims from the recent spate of floods in the U.K. are averaging $11.18 million a day, according to the Association of British Insurers (ABI). The "wettest winter on record is likely to ...